Day: October 25, 2023

CVB Financial Corp. Reports Earnings for the Third Quarter 2023

Written by Customer Service on October 25, 2023. Posted in Earnings Releases And Operating Results.

Net Earnings of $57.9 million, or $0.42 per share Return on Average Tangible Common Equity of 18.82% Return on Average Assets of 1.40% Efficiency Ratio of 39.99%ONTARIO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended September 30, 2023. CVB Financial Corp. reported net income of $57.9 million for the quarter ended September 30, 2023, compared with $55.8 million for the second quarter of 2023 and $64.6 million for the third quarter of 2022. Diluted earnings per share were $0.42 for the third quarter, compared to $0.40 for the prior quarter and $0.46 for the same period last year. Net income of $57.9 million for the third quarter of 2023 produced an annualized return on average equity (“ROAE”) of...

First Bank Announces Third Quarter of 2023 Net Loss of $1.3 Million driven by one-time costs associated with Malvern Bancorp acquisition

Written by Customer Service on October 25, 2023. Posted in Earnings Releases And Operating Results.

Quarterly results reflect the successful completion of Malvern Bancorp merger, total assets exceed $3.5 billion, improved geographic diversification and projected earnings profile HAMILTON, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced its third quarter 2023 financial results with a net loss of $1.3 million, or a loss of $0.05 per diluted share, and losses on average assets, equity, and tangible equityi of 0.14%, 1.43%, and 1.66%, respectively. Excluding merger-related expenses and other one-time expenses, First Bank’s third quarter 2023 adjusted diluted earnings per shareii were $0.42, adjusted return on average assetsii was 1.13% and adjusted return on average tangible equityii was 13.23%. Compared to the same period of last year, the Bank’s adjusted net income...

Cenovus to hold third-quarter conference call and webcast

Written by Customer Service on October 25, 2023. Posted in Public Companies.

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2. The news release will provide consolidated third-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 8 a.m. MT (10 a.m. ET) To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an automated call-back when the session begins. Alternatively, you can dial 888-664-6383 (toll-free in North America) or 416-764-8650 to reach an operator who will place you in the call. Access the live audio webcast here. Cenovus Energy Inc. Cenovus Energy Inc. is an integrated energy company with oil and natural gas production...

Matrix Service Company Sets Dates for Release of First Quarter Fiscal 2024 Financial Results and Conference Call

Written by Customer Service on October 25, 2023. Posted in Public Companies.

TULSA, Okla., Oct. 25, 2023 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq: MTRX), a leading provider of engineering and construction services to the energy and industrial markets, announced today that it will announce first quarter Fiscal 2024 results after market on Wednesday, November 8, 2023. On Thursday, November 9, 2023, at 10:30 a.m. Eastern time/9:30 a.m. Central time, Matrix Service Company President and CEO John R. Hewitt and Chief Financial Officer Kevin S. Cavanah will host a conference call to present and discuss the Company’s full year-end financial results and forward outlook. Earnings Conference Call instructions Investors and other interested parties can access a live audio-visual webcast using this webcast link, or through the Company’s website at www.matrixservicecompany.com on the Investors Relations page...

O’Reilly Automotive, Inc. Reports Third Quarter 2023 Results

Written by Customer Service on October 25, 2023. Posted in Public Companies.

Third quarter comparable store sales growth of 8.7% 17% increase in third quarter diluted earnings per share to $10.72 $2.5 billion net cash provided by operating activities year-to-dateSPRINGFIELD, Mo., Oct. 25, 2023 (GLOBE NEWSWIRE) — O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2023. 3rd Quarter Financial ResultsGreg Johnson, O’Reilly’s CEO, commented, “We are pleased to once again report another quarter of strong performance and profitable growth, highlighted by an 8.7% increase in comparable store sales and a 17% increase in diluted earnings per share to $10.72. Team O’Reilly’s consistent execution of our proven dual market strategy and dedication to...

Inspirato to Release Third Quarter 2023 Financial and Operating Results Monday, November 6

Written by Customer Service on October 25, 2023. Posted in Public Companies.

DENVER, Oct. 25, 2023 (GLOBE NEWSWIRE) — Inspirato Incorporated (NASDAQ: ISPO) (the “Company”), the innovative luxury travel subscription brand, today announced plans to release its third quarter 2023 financial and operating results after market close on Monday, November 6. The Company will host a conference call on Tuesday, November 7 to discuss the results. To listen to the audio webcast and Q&A, please visit the Inspirato Investor Relations website at https://investor.inspirato.com or use the webcast link below. An audio replay of the webcast will be available on the Inspirato Investor Relations website shortly after the call. Conference Call and Webcast:Date/Time: Tuesday, November 7, 2023 at 11:00 a.m. ETWebcast: https://edge.media-server.com/mmc/p/dwj7rg3h About Inspirato Inspirato (NASDAQ: ISPO) is a luxury travel subscription...

ATN Reports Third-Quarter 2023 Results; Reiterates 2023 Outlook; Provides Preliminary Outlook for 2024

Written by Customer Service on October 25, 2023. Posted in Public Companies.

“First-to-Fiber” and “Glass & Steel™” Strategies Drive Year Over Year GrowthGrew revenue 5% to $191.0 million Increased total high-speed subscribers by 20% Expanded broadband homes passed by high-speed data services by 52% Capital expenditures were $37.2 million (net of $7.3 million of reimbursements)Operating Income and Adjusted EBITDA Improvements Follow Subscriber and Revenue GrowthNet loss of $(3.6) million, or a $(0.31) loss per share; operating income increased to $6.8 million Increased Adjusted EBITDA1 by 10% to $47.8 millionReiterates 2023 Outlook2Adjusted EBITDA for the full year 2023 expected to be in the range of $183 to $193 million Capital expenditures for the full year 2023 expected to be in the range of $160 to $170 million (net of reimbursements)Provides Preliminary 2024 Outlook2Adjusted EBITDA...

Bel Reports Third Quarter 2023 Results

Written by Customer Service on October 25, 2023. Posted in Earnings Releases And Operating Results.

Continuous Financial Discipline Leads to Another Quarter of Impressive Results WEST ORANGE, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the third quarter of 2023. Third Quarter 2023 HighlightsNet sales of $158.7 million compared to $177.7 million in Q3-22. Non-GAAP adjusted net sales (which exclude raw material expedite fee revenue) were $157.7 million in Q3-23, down from $168.3 million in Q3-22 Gross profit margin of 35.0%, up from 29.0% in Q3-22 Net earnings of $19.4 million versus $16.5 million in Q3-22 Adjusted EBITDA of $29.9 million (18.8% of sales), up from $27.3 million (15.4% of sales) in Q3-22 Backlog level of $408 million at September 30, 2023“We are pleased with our improved financial performance this quarter on a sales base that...

Landstar System Reports Third Quarter Revenue of $1.289B and Earnings Per Share of $1.71

Written by Customer Service on October 25, 2023. Posted in Earnings Releases And Operating Results.

JACKSONVILLE, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion. Landstar reported EPS of $2.76 on revenue of $1.816 billion in the 2022 third quarter. Gross profit in the 2023 third quarter was $128.1 million and variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2023 third quarter was $187.4 million. Gross profit in the 2022 third quarter was $185.7 million and variable contribution in the 2022 third quarter was $245.7 million. Reconciliations of gross profit to variable contribution and gross profit margin to variable contribution margin for the 2023 and 2022 third quarters and year-to-date...

Eagle Bancorp, Inc. Announces Net Income For Third Quarter 2023 Of $27.4 Million Or $0.91 Per Diluted Share

Written by Customer Service on October 25, 2023. Posted in Earnings Releases And Operating Results.

BETHESDA, Md., Oct. 25, 2023 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank (the “Bank”), today announced net income of $27.4 million for the third quarter 2023, compared to net income of $28.7 million for the second quarter 2023 (the “prior quarter”) and $37.3 million for the third quarter 2022 (the “year-ago quarter”). Net income (basic and diluted) was $0.91 per share for the third quarter 2023, compared to $0.94 per share for the prior quarter, and $1.16 per share for the year-ago quarter. The $1.3 million decrease in earnings from the prior quarter was attributable to several items including lower noninterest income as the prior quarter included nonrecurring recognition of income from a Small Business Investment Company...

Day: October 25, 2023

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